Key Points
According to the Ministry of Power, PIFIL will be the first company in the IFSC dedicated to lending in the power and infrastructure sectors...
PIFIL is part of Indias largest non-banking financial company (NBFC) group and will offer foreign currency loans to both government and private players..
The aim is to provide lending services in India and abroad, contributing to Indias growing position as a global financial hub...
Parminder Chopra, Chairperson of PFC, expressed pride in leading the first finance company in the IFSC focused on power sector lending...
PIFILs operations are expected to enhance funding options for infrastructure and clean energy projects, bolstering Indias efforts to become a major player in global finance..
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